Author: Firew Fireyhun

A Big Step Forward for Ethiopia’s Capital Market!

The Ethiopian Capital Market Authority (ECMA) is excited to welcome three new capital market service providers, bringing the total number of licensed CMSPs from eight to eleven: ✅  First Addis Investment Bank PLC – Investment Bank (the first non-banking group) ✅  Ignite Capital PLC – Securities Investment Advisor ✅ Zuri Capital S.C – Securities Investment Advisor […]

ECMA Hosts Ambassadors for Strategic Dialogue on Capital Market Development

Addis Ababa, Ethiopia – July 2025 We were honored to welcome the Ambassadors and Deputy Ambassadors of Israel to Ethiopian and the African Union to the Ethiopian Capital Market Authority (ECMA) for a high-level discussion with our senior management team to explore areas of collaboration in the development of Ethiopia’s capital market and identify opportunities […]

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Capital markets development is a key component of the Government of Ethiopia’s
(GoE) Home-Grown Economic Reform Program and the 10-Year Development Plan
(2021- 2031). In line with this commitment, the Capital Markets Proclamation (No.
1248/2021) was adopted by the House of Peoples’ Representatives in June 2021, which
included the establishment of the Ethiopian Capital Market Authority (ECMA).

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